Category: Offshore
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Copenhagen Infrastructure Partners acquires Morecambe, a fixed-bottom offshore wind project in the United Kingdom
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This section The partnership content provided The content in this section is provided by Globenewswire for the purposes of distributing press data on behalf of its customers. Postmedia did not review the content. by Globenewswire Bread path links Globenewswire The author of the article: It was published on February 26,…
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Copenhagen Infrastructure Partners acquires Morecambe, a fixed-bottom offshore wind project in the United Kingdom
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This section The partnership content provided The content in this section is provided by Globenewswire for the purposes of distributing press data on behalf of its customers. Postmedia did not review the content. by Globenewswire Bread path links Globenewswire The author of the article: It was published on February 26,…
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Global Offshore Wind Challenges Are Hitting Japanese Operators
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Bread path links PMN Business Japanese wind developers abroad face the same pressures related to the cost that led to the cavity of this sector worldwide, which deals with a blow to the ambition of the poor nation of promoting renewable energy. The author of the article: Bloomberg News The…
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Global Offshore Wind Challenges Are Hitting Japanese Operators
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Bread path links PMN Business Japanese wind developers abroad face the same pressures related to the cost that led to the cavity of this sector worldwide, which deals with a blow to the ambition of the poor nation of promoting renewable energy. The author of the article: Bloomberg News The…
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Steel industry urges government to choose British in offshore wind expansion
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The UK steel industry is urging the government to commit to buying British steel as part of the country’s planned offshore wind boom. Wind power now accounts for almost a third of UK electricity generation, yet less than 2% of steel used in offshore wind projects over the past five…
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Brookfield buys £1.75bn stake in Orsted’s UK offshore wind farms
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Brookfield, headed by former Bank of England governor Mark Carney, has acquired a 12.45% stake in four UK offshore wind farms owned by Ørsted for £1.75 billion ($2.3 billion). This landmark deal includes the world’s largest offshore wind farm, Hornsea 2, located 55 miles off the Yorkshire coast with a…
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Offshore wind’s bumpy road shown by turbine collapse off Nantucket
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Three events on Wednesday highlighted the uneven progress of the offshore wind industry in the Northeast, including the start of a major project in New York, research aimed at preventing environmental damage in New Jersey, and the temporary closure of a wind farm in Massachusetts after broken turbine blades washed…
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BP Halts Offshore Wind Projects to Refocus on Fossil Fuels
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BP has announced a pause on all new offshore wind projects as the company’s newly appointed CEO, Murray Auchincloss, focuses on fossil fuels. This strategic shift, first reported by Reuters, also includes a hiring freeze within the offshore wind division. Auchincloss, who took office at the beginning of the year,…
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Analysis-Red tape clogs China’s offshore IPO pipeline even as markets recover By Reuters
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Written by Ken Wu, Julie Zhu, Selina Li, and Scott Murdoch HONG KONG (Reuters) – More than a year after China pledged to make overseas listings easier, companies are grappling with a regulatory impasse that is unlikely to ease soon, and eyeing the prospect of sharply lower valuations even as…
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Australia’s Lendlease exits offshore markets to focus on local growth By Reuters
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Written by Rishav Chatterjee and Ayushmann Ojha (Reuters) – Australian developer Lendlease will divest from its overseas construction business and release up to A$4.5 billion (US$2.9 billion) of capital to shareholders, putting an end to its international ambitions to shift focus on domestic operations. Lendlease said in a statement on…
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Sunak to Allow Oil and Gas Exploration at Offshore Wind Sites
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In a significant move likely to spark controversy, the government is set to allow fossil fuel companies to conduct oil and gas exploration under offshore wind sites for the first time. The announcement, scheduled for Friday, has drawn criticism from environmentalists, who say it signals a departure from the climate…